The debate over the purpose of superannuation launched by the Turnbull government has split senior Labor figures over whether investors' freedoms or nation building should be paramount. Former Victorian Labor premier John Brumby said Australians should not be given too much choice over their superannuation fund because money ought to be available for nation building.
"The reality is that in super, too much choice can be a bad thing because for super funds to invest in long-term infrastructure like roads and ports and even high-speed rail, you need secure, long-term flows of savings," he told The Australian Financial Review...............................................Full Article: Source
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